Saba Capital Management L.P. purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 101,317 shares of the company’s stock, valued at approximately $925,000.
A number of other institutional investors have also modified their holdings of the stock. SummitTX Capital L.P. increased its stake in shares of Blue Owl Capital by 162.3% in the 1st quarter. SummitTX Capital L.P. now owns 124,874 shares of the company’s stock valued at $1,140,000 after purchasing an additional 77,263 shares in the last quarter. Endure Capital Management LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at about $10,231,000. OMERS ADMINISTRATION Corp raised its position in shares of Blue Owl Capital by 16.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 783,200 shares of the company’s stock valued at $7,151,000 after buying an additional 110,100 shares during the last quarter. Waverly Advisors LLC lifted its stake in shares of Blue Owl Capital by 55.1% in the first quarter. Waverly Advisors LLC now owns 53,371 shares of the company’s stock worth $487,000 after buying an additional 18,954 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in Blue Owl Capital during the first quarter worth about $1,313,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.
Blue Owl Capital Stock Up 2.4%
Shares of OWL stock opened at $9.67 on Tuesday. The firm has a 50 day moving average of $9.49 and a two-hundred day moving average of $10.51. The stock has a market capitalization of $15.04 billion, a PE ratio of 80.61, a P/E/G ratio of 1.02 and a beta of 1.22. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $20.58.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. Credit Suisse Group set a $9.10 price objective on shares of Blue Owl Capital in a research note on Thursday, July 2nd. The Goldman Sachs Group dropped their price target on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th. UBS Group reissued a “neutral” rating and set a $9.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 11th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $14.00 target price on shares of Blue Owl Capital in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.16.
Check Out Our Latest Research Report on Blue Owl Capital
About Blue Owl Capital
Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.
Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.
Read More
- Five stocks we like better than Blue Owl Capital
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
Receive News & Ratings for Blue Owl Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Owl Capital and related companies with MarketBeat.com's FREE daily email newsletter.
